This is the full 6-6-11 episode of the Labor Express Radio program.
Last Wednesday, the stock market took a dive, the deepest plunge in almost a year, after much volatility the last few months. This came as something of a shock to some, as the pundits who have been declaring that the recession is over and that we are well on our way to recovery have focused on the stock market and corporate earnings as their barometer of the economy while the employment numbers have remained largely dismal. Some of that mis-placed confidence was shattered last week and bad news was followed by bad news when the new unemployment numbers came out Friday and revealed that for the second month in a row, unemployment was on the rise. We are now back up to 9.1% nationally. And of course those are just the official figures which don’t account for all those who have exhausted the unemployment benefits, given up hope of finding work or have been forced to accept part-time work.
In light of the news of the past week, I thought it was about time to give economist Jack Rasmus a call. Dr. Rasmus has been one of those lone voices crying out in the wilderness warning that there were more bad things to come. And it appears that Dr. Rasmus views are justified. I will devote today’s entire program to my phone interview conducted on Saturday with Dr. Rasmus. We will cover the on going economic crisis, Obama’s failed response to it and talk about real solutions.
Labor Express Radio is Chicago's only English language labor news and current affairs radio program. News for working people, by working people. Labor Express Radio airs every Monday morning at 10:00 AM on Chicago's Sound Alliance, WLUW, 88.7 FM. For more information, see our website at: www.laborexpress.org
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June 9, 2011 Subject:
This is a very valuable program and I listen as often as I can.
I just discovered it online, which is how I listen to Democracy now!
I want Jerry to enunciate better. It's very hard for me to decipher what he says, and by the time I do, he's gone on to something else, which I miss. Maybe I should have told him this to his face. I think this is a serious problem with his program; and I believe his listenership would increase if people could understand him better.
I hate to say this, but the lack of clarity in language makes the program boring. I persist when I have time. Just go slower and enunciate. You have time for this. Listen to other broadcasters. They enunciate.